My thoughts and opinons on the markets, culture, business, politics and media. One more voice added to the Fray.
PLEASE NOTE: I am not an investment advisor. You should not take any thing I say about individual stocks or the stock market as a recommendation to Buy or Sell. Any investment decisions should be made either on your own or in consultation with a professional advisor. This is a weblog, designed to be an internet version of a conversational discourse on a wide variety of topics. If you follow any of the posts on this weblog and make investment trades on them you will likely lose all your money. This is for discussion only with no intent to give investment information or advice. Just my take on the world and what I may do on my own.

April 28, 2009

The Dems are basing their economic growth plans on the subprime housing blueprints: How The GOP needs to discuss an economic recovery

It seems to me that by election day in 2010, the economy will be in better condition than it is today and Democrats will be running a campaign on how they came in and fixed the economy. Unless the GOP has a coherent strategy to counter these claims, they might actually suffer more losses.

Things look bleak at the moment for the GOP based on a poll I saw this AM on Morning Joe showing that only 21% of voters view themselves as Republicans. Ouch!

The Republican Party will need to have a plan in place to educate voters on what to look for in an economic recovery.

If the economy is the main issue in 2010 and the Dems are running a platform that it is their policies which improved it, the Republican message should be:

The Pelosi-Reid economy is based upon the same type of subprime policies that the housing boom was based on from 2002 to 2007. Of course the economy looks to be growing, just like it did five years ago but the growth is not coming from building, growing and strengthening our economic foundation. Just like the housing based economy that collapsed, this new Reid-Pelosi economy is one based upon debt fueled growth. Haven't we learned that this type of growth is unsustainable? How could the economy NOT grow when we increase the deficit ten fold under the Democratic plan.

Of course the economy is expanding but is a false expansion based upon short-term, politically driven, short term spending not long term, sustainable economic growth. The Democrats have gone on a spending binge. Binges are fun when they last, but miserable when they end and the bills come due.

In the past two years,the Democrats have grown Government faster than any time in our history.

Make no mistake, we are no longer traveling down a path where we can ask "is Government working for the people?" We have put so much debt onto the American people, that we are now entering a period where the people of America are working to pay the Government's bills.

The Democrats often talk about wanting to strengthen the middle class. The reality is that their economic policies are going to destroy the middle class. They promise to help the midde class, but they are in the process of bankrupting it.

As more and more power goes to Washington, less and less power is left in the hands of the people. Anybody who has ever been in debt knows the truth: the more debt you are in, the less power and control you have over your daily life and your future. Debt limits choices and destroys dream. Debt weakens you. This is not just true for individuals, it also holds true for Nations.

Spending more than you make, and piling up debts you cannot pay for use to be considered immoral and looked down upon. Now it is the central plank of the Democrats economic plan.

Hearing Democrats talk about how good the economy is reminds me of people boasting about how rich they had become because their house doubled in past 12 months in 2006. I knew how that movie would end and I know how this one will end, too. It wont' be happy.

The Government is spending recklessly, taking on debts that it plans to leave to the next generation.

Young people voted for Democrats in droves in 2008. It is a sad irony because they are going to be the ones who pay the biggest price for the policies of Democrats. The bill for this fake economic growth is going to come due. Debt always has to be paid. The price will be a lower standard of living, decreased household wealth, and a slow growth economy with stagflation. This will be the long term legacy of Obama, Pelosi and Reid.

The Democrats still continue to talk about investing in the future and investing in jobs. But the reality is they are putting America so far over our heads into debt, we are going to be using our money to pay the interest on money owed, not investing in our future.

We have an opportunity to change directions. We can return to the economic policies which made America the strongest economy in the World. We have seen what the Democrats have done when they have a blank check in Congres--they spend trillions that they do not have knowing the tab is being sent to the middle class, not to them.

In this election, take the blank check away from Democrats, put Republicans back in control and have a Government that lives within its means.